Will Dogecoin prices drop? Musk says this
According to cryptocurrency trader and analyst Ali Martinez’s latest data on Dogecoin on a report from Benzinga.
According to Musk, cryptocurrency prices could drop suddenly in the coming months, and as soon as this was said by the Tesla CEO who also has an affinity with the crypto world, market whales bought over 470 million of Dogecoin (DOGE) in the last 48 hours. Musk believes that the prices of Dogecoin, Bitcoin and other cryptocurrencies could start to plunge as soon as the US dollar crisis is resolved and the US national currency returns to full strength.
While the current political unrest and the new administration pose a major obstacle to the stability of the US dollar, Musk is quite optimistic about the future of the currency and is now hedging his bets on it in the days to come.
FAQ:
Is Elon Musk a crypto enthusiast?
Yes, Elon Musk is a cryptocurrency enthusiast who also has his own crypto and blockchain investments.
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